Centerra Gold has a 100% equity interest in Boroo, the first significant foreign investment for industrial development in Mongolia since 1979. Located 110 kilometers west-northwest of Ulaanbaatar, the country's capital, Boroo began commercial production on March 1, 2004 and produced more than 245,000 ounces of gold (including gold produced during commissioning) in that year. In 2012 gold production was 71,838 ounces as mining ceased at the end of November 2010. The Boroo operation continues to mill lower grade stockpiled ore while the company waits for the final approvals for the Gatsuurt project.
From March 2004 through to December 2012, the Boroo mine has produced approximately 1.5 million ounces of gold.
The Boroo gold deposit is generally flat lying or sub-horizontal and extends over an area measuring 2.5 by 1.5 kilometres. Throughout the area, a series of mineralized zones occur up to 400 metres wide and typically average from 10 to 30 metres in thickness.
While Boroo is located in a relatively remote area of the world, it is well positioned with respect to existing infrastructure. The paved all-weather Ulaanbaatar - Irkutsk highway passes within three kilometers of the mine site. The main Trans-Mongolian railway, which links Ulaanbaatar with Irkutsk, Russia and Beijing, China, runs through Baruunkharaa, about 20 kilometers to the north of the mine site.
|PHOTOS FROM BOROO MINE|